A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 16 homes listed for sale – 13 Active listings and 3 Active Under Contract listings – in Wallingford PA and Nether Providence Township on January 14, 2023 with an average asking price of $618,500.
Mortgage rates more than doubled in 2022, but hopeful homebuyers may soon see some relief from sky-high borrowing costs.
Nadia Evangelou, senior economist and director of forecasting at the National Association of Realtors (NAR), is forecasting that mortgage rates will drop below 6% in the spring and summer months of 2023. She cites easing inflation and smaller rate hikes by the Federal Reserve as the reasons the drop is likely.
This week, the average rate on a 30-year fixed-rate mortgage was 6.48%, according to data from Freddie Mac. The rate means that the buyer of a median-priced home (one that costs around $416,000 right now, according to Realtor.com) is facing a mortgage payment that is 64% higher than it was a year ago.
View all Homes Listed In The Last 7 Days
3 Wallingford PA homes went under contract
5 new listings came onto the market
1 listing was withdrawn from the market
1 listing was temporarily taken off the market
No listings expired
14 homes are Under Contract at this time
4 Wallingford PA homes sold
|861 Parkridge Drive||SNG||4||2.1||$605,000||01/05/23||126|
|10 W Possum Holllow Road||SNG||4||2.1||$689,000||01/06/23||7|
|102 Westminster Drive||SNG||4||2.1||$480,000||01/11/23||8|
|800 Avondale Road #5H||CONDO||1||1.0||$163,000||01/11/23||32|
861 Parkridge Drive sold with a $27,200 Seller Assist
Wallingford PA Real Estate – Wallingford, PA 19086